Neutral

NEUTRAL REVERSAL/CONTINUATION PATTERNS

Low Reliability

Black Candlestick

White Candlestick

Short Black Candlestick

Short White Candlestick

Black Spinning Top

White Spinning Top

Four Price Doji

Doji

 
NEUTRAL REVERSAL PATTERNS

Medium Reliability

Inverted Umbrella

Umbrella

Long Legged Doji

High Wave

Black Candlestick

BLACK CANDLESTICK

Type:	Reversal/Continuation
Relevance:	Indecision
Prior Trend:	N/A
Reliability:	Low
Confirmation:	N/A
No. of Sticks:	1

Definition:
The Black Candlestick represents normal selling pressure.

Recognition Criteria:
1. The real body of this pattern is black with normal length.
2. The upper and lower shadows are smaller than the length of the real body.

White Candlestick

WHITE CANDLESTICK

Type:	Reversal/Continuation
Relevance:	Indecision
Prior Trend:	N/A
Reliability:	Low
Confirmation:	N/A
No. of Sticks:	1

Definition:

The White Candlestick represents normal buying pressure.

Short Black Candlestick

SHORT BLACK CANDLESTICK

Type:	Reversal/Continuation
Relevance:	Indecision
Prior Trend:	N/A
Reliability:	Low
Confirmation:	N/A
No. of Sticks:	1

Definition:
The Short Black Candlestick implies relatively weak selling pressure with little price movement.

Short White Candlestick

SHORT WHITE CANDLESTICK

Type:	Reversal/Continuation
Relevance:	Indecision
Prior Trend:	N/A
Reliability:	Low
Confirmation:	N/A
No. of Sticks:	1

Definition:
The Short White Candlestick represents relatively weak buying pressure with little price movement.

Black Spinning Top

BLACK SPINNING TOP

Type:	Reversal/Continuation
Relevance:	Indecision
Prior Trend:	N/A
Reliability:	Low
Confirmation:	N/A
No. of Sticks:	1

Definition:
The Black Spinning Top is a single candlestick pattern. Its shape is a small black body with upper and lower shadows having a greater length than the body's length.

White Spinning Top

WHITE SPINNING TOP

Type:	Reversal/Continuation
Relevance:	Indecision
Prior Trend:	N/A
Reliability:	Low
Confirmation:	N/A
No. of Sticks:	1

Definition:

The White Spinning Top is a single candlestick pattern. Its shape is a small white body with upper and lower shadows that have a greater length than the body's length.

Four Price Doji

FOUR PRICE DOJI

Type:	Reversal/Continuation
Relevance:	Indecision
Prior Trend:	N/A
Reliability:	Low
Confirmation:	N/A
No. of Sticks:

Definition:

The Four Price Doji is a single candlestick pattern. It is simply a horizontal line that has no upper or lower shadows.

Doji

DOJI

Type:	Reversal/Continuation
Relevance:	Indecision
Prior Trend:	N/A
Reliability:	Low
Confirmation:	N/A
No. of Sticks:	1

Definition:
If a security has virtually equal opening and closing prices, this leads to a Doji. The length of the upper and lower shadows of a Doji can vary and consequently the resulting candlestick may look like a cross, inverted cross or a plus sign. Doji, taken alone, is a neutral pattern.

Inverted Umbrella

INVERTED UMBRELLA

Type:	Reversal
Relevance:	Indecision
Prior Trend:	N/A
Reliability:	Medium
Confirmation:	N/A
No. of Sticks:	1

Definition:

An Inverted Umbrella is characterized by having no lower shadow and but a long upper shadow. The long upper shadow shows the evidence for selling pressure, but the position of high price indicates that plenty of buyers still are around. Inverted Umbrella is a reversal pattern.

Umbrella

UMBRELLA

Type:	Reversal
Relevance:	Indecision
Prior Trend:	N/A
Reliability:	Medium
Confirmation:	N/A
No. of Sticks:	1

Definition:
An Umbrella is a type of a doji characterized with no upper shadow but a long lower shadow. The long lower shadow shows the evidence for buying pressure, but the position of low price indicates that plenty of sellers still are around. Umbrella is interpreted as a reversal pattern.

Long Legged Doji

LONG LEGGED DOJI

Type:	Reversal
Relevance:	Indecision
Prior Trend:	N/A
Reliability:	Medium
Confirmation:	Required
No. of Sticks:	1

 Definition:
Long Legged Doji is characterized by very long shadows. It is an important reversal signal.

High Wave

HIGH WAVE

Type:	Reversal
Relevance:	Indecision
Prior Trend:	N/A
Reliability:	Medium
Confirmation:	Required
No. of Sticks:	1

Definition:

High Wave is a type of candlestick characterized with either a very long upper or a lower shadow. It has only a short real body. A group of these patterns may signal a market turn.

Pattern Bearish

BEARISH REVERSAL/CONTINUATION PATTERNS

Low reliability

Black Opening Marubozu

Black Closing Marubozu

Black Marubozu

Long Black Candlestick

 

BEARISH CONTINUATION PATTERNS

Low reliability

Three Line Strike

Thrusting

Separating Lines

Black Opening Marubozu

BLACK OPENING MARUBOZU

Type:	Reversal/Continuation
Relevance:	Bearish
Prior Trend:	N/A
Reliability:	Low
Confirmation:	Required
No. of Sticks:	1

Definition:
The Black Opening Marubozu is a single candlestick pattern characterized by a long black body, a lower shadow and absence of upper shadow. It is a strongly bearish candlestick pattern.

Black Closing Marubozu

BLACK CLOSING MARUBOZU

Type:	Reversal/Continuation
Relevance:	Bearish
Prior Trend:	N/A
Reliability:	Low
Confirmation:	Required
No. of Sticks:	1

Definition:

The Black Closing Marubozu is a single candlestick pattern characterized by its long black body. It does not have a lower shadow but it has an upper shadow. It is an extremely strong bearish candlestick pattern.

Black Marubozu

BLACK MARUBOZU

Type:	Reversal/Continuation
Relevance:	Bearish
Prior Trend:	N/A
Reliability:	Low
Confirmation:	Required
No. of Sticks:	1

Definition:
The Black Marubozu is a single candlestick pattern characterized by a long black body. It does not have any shadows on either end. It is an extremely strong bearish candlestick pattern.

Long Black Candlestick

LONG BLACK CANDLESTICK

Type:	Reversal/Continuation
Relevance:	Bearish
Prior Trend:	N/A
Reliability:	Low
Confirmation:	Required
No. of Sticks:	1

Definition:
The Long Black Candlestick signals strong selling pressure in the market.

Three Line Strike

BEARISH THREE LINE STRIKE

Type:	Continuation
Relevance:	Bearish
Prior Trend:	Bearish
Reliability:	Low
Confirmation:	Definitely required
No. of Sticks:	4

Definition:
This pattern is characterized by three adjacent black and long candlesticks terminated by a white candlestick driving prices back to the point where they were at the beginning of the pattern. If there was a strong bearish trend before the pattern, then it should continue.

Thrusting

BEARISH THRUSTING

Type:	Continuation
Relevance:	Bearish
Prior Trend:	Bearish
Reliability:	Low
Confirmation:	Required
No. of Sticks:	2

Definition:
Bearish Thrusting Pattern is characterized by a white candlestick that closes in the prior black real body, however still under the middle of the prior session’s real body. Bearish Thrusting Pattern is a bearish signal in a downtrend.